Why should a stock depend on "new people"? Why should it not depend on institutional investors? Would the stock not have more credibility if it attracted the big guys and did not depend on new people getting dumped on?
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.